Gates does own a lot of farmland. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?, He responded, I own less than 1/4000 of the farmland in the US. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. Pregnancy tests include a hidden Plan B pill. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . He responded that it was a decision his investment group made. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. You're looking into Bill Gates' Red River Trust purchase of . This is a sponsored promotion for the AcreTrader platform. Accessed 28 Apr. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). Amazing, if truebut its extremely not. But these land holdings account for only a tiny share of the countrys total farmland. Chicken nuggets and cream cheese grow in trays in a South Side lab. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. In January 2021, Bill Gates became the largest owner of farmland in the United States. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Benzinga does not provide investment advice. Accessed 28 Apr. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. What Asset Class Is Farmland Considered To Be? Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Donald Trump is back on Twitter, thanks to Elon Musk. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. While private companies and corporations are increasing . While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs The old saying about land is they aren't making any more of it. Supply and demand? Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Egg prices havent come down with inflation. The U.S. Federal Government. Does this investment say anything about the state of the. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Who owns the most land in the world 2021? KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Gates does own a lot of farmland. Although Gates owns these farms, he isnt changing their practices. Official: Michigan State gunman had note threatening 2 New Jersey schools. Why? The Guardian, 5 Apr. Who knows. Business entities have, however, been increasing their presence as owners of rental properties. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. All quotes delayed a minimum of 15 minutes. The. Well, as with everything in life, there is always a trade-off especially in finance. Perhaps Bill Gates is looking to test out his GMO seeds. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Check out current deals on AcreTrader now! By Rebecca . Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. By clicking Sign up, you agree to receive marketing emails from Insider By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Bill Gates does not own the majority of U.S. farmland. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. As reported by Bloomberg . A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. Gear-obsessed editors choose every product we review. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. He also reportedly owns about 16,000. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Or, have more control over the resources we all use and need. Owning farmland is one of the most prudent financial investments to make now. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? What special interest does Bill Gates have in farmland? Our only agenda is to publish the truth so you can be an informed participant in democracy. False. Using those figures, Gates would own about 0.027% of U.S. farmland. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. No, its the Roman Catholic Church. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . (AP). Purchasing your own farm outright means that you are not diversified across many farms; just 1. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. Eggs have become expensive and scarce in some parts of the country. However, there are also countless farmland investing platforms gaining traction now too. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. 1995 - 2023 by Snopes Media Group Inc. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Oversight. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. It has also funded myriad research facilities and humanitarian operations, focusing on overcoming diseases, climate change, agricultural research, and health and nutrition in underdeveloped areas. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. How much land does Russia own in the United States? Mar 4, 2009. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). Oftentimes, those fingers get pointed at Gates. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. 22. Why Is Bill Gates Buying So Much Farmland? Why did he decide to buy in Amish Country? As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Some are near cities and might end up having other uses.". 801 3rd St. S During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. The transitional land he owns in Arizona is reportedly being built into a suburb .. This article was produced by the Reuters Fact Check team. Click here to view current offerings on AcreTrader! Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. Gates said during a Reddit AMA: My investment group chose to do this. Perhaps history is repeating itself?
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